A country of business
On international trade, Mexico has been focused on diversifying its markets, for it´s products and services, trough the signing of many trade agreements with European, Asian and American economies. In this way, the country positions itself as an entrance door to a market that represents around 60% of world’s GDP, with over a billion of potential consumers.
Mexico occupies the second position worldwide, according to the number of Free Trade Agreements (FTA) that holds. It has signed 11 Free Trade Agreements and an Economic Partnership Agreement (EPA), gaining preferential access to the markets of 44 countries that include the largest economies of the world, such as the United States, Canada, the 27 members of the European Union and Japan. Mexico also has 6 Economic Complementation Agreements (ECA), as well as three Partial Scope Agreements.
In order to enforce the legal protection of monetary flows for the productive sector, Mexico has 28 Promotion and Reciprocal Protection of Investments Agreements (IPPA) signed with 29 countries. There has also been an effort to avoid equivalent taxation during the same period of time by two or more taxation authorities on the participants of the Mexican market, through the signing of Double Taxation Avoidance Agreements with 45 countries. Therefore, with its international trade strategy, Mexico offers access to diverse markets, tariffs reductions, investment opportunities, legal transparency, intellectual property protection, and just and attractive competition.
Number of export procedures
To export from Mexico, only 5 procedural documents are needed. This gives Mexico an advantage over countries like Brazil, China and India where more documents are required.
Number of import procedures
Likewise, only 4 import procedures are needed, ranking Mexico in a better position than USA, China Brazil and India.